Worth reading
40Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
150
¥100 million (net sales target for the fiscal year ending March 2029)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales-82.7%
基準 11,728Target2,029100 million / ¥1 million
Operating profit+0.1%
基準 2,026Target2,029million
ROE+3.0pt
基準 2,026Target2,029％
Each line is the climb from the baseline the document states to the target it sets. The slope is scaled against the largest climb in this document. For metrics expressed as percentages, differences are shown in percentage points (pt).The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
Operating profit marginNot disclosed → 5.3% (target for the fiscal year ending March 2029)
Only the target level is shown because the current level for comparison was not provided.Investment amount by sectorField Capital Expenditures / Amount Not disclosed, Field R&D Investment / Amount Not disclosed, Field Strategic Investment in Growth Areas / Amount Not disclosed, Field M&A / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyThe basic policy is to pay stable and continuous dividends, taking into comprehensive consideration consolidated performance, financial condition, and the funds required for future growth investments. Target period: Not disclosedThe payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Self-assessment of PBR and share priceThe average PBR over the past 5 fiscal years, from the fiscal year ending March 2022 through the fiscal year ending March 2026, was 0.77x. In the fiscal year ending March 2026, the PBR fell below 1.0x to 0.43x, due in part to the decline in the fiscal year-end share price. The company recognizes that it has not received sufficient market evaluation.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Improving profitability
02Continue stable shareholder returns
03Enhancing Investor Relations Activities
04Transformation into a company that solves customer issues
05Improvement of capital efficiency and profitability
06Building an earnings structure resilient to market conditions
07Strengthen human capital management
Reason for revision or withdrawal
Regarding the current PBR below 1.0x, the company recognizes as one contributing factor that, in addition to the potential to improve profitability and capital efficiency, its medium- to long-term growth strategy and future earnings expansion have not received sufficient market evaluation.
| Item | Details |
|---|---|
| Plan name | New medium-term management plan |
| Plan period | Start year: Not disclosed, final year: fiscal year ending March 2029 |
| Progress against the plan | Formulated |
| Sales Target | ¥11,728 million (actual for the fiscal year ending March 2026) → ¥15 billion (target for the fiscal year ending March 2029) |
| Operating profit target | ¥355 million (actual for the fiscal year ending March 2026) → ¥800 million (target for the fiscal year ending March 2029) |
| Operating profit margin target | Not disclosed → 5.3% (target for the fiscal year ending March 2029) |
| ROE target | 3.5% (actual for the fiscal year ended March 2026) → 6.0% or higher (target for the fiscal year ending March 2029) |
| Payout ratio / DOE policy | The basic policy is to pay stable and continuous dividends, taking into comprehensive consideration consolidated performance, financial condition, and the funds required for future growth investments. Target period: Not disclosed |
| Self-assessment of PBR and share price | The average PBR over the past 5 fiscal years, from the fiscal year ending March 2022 through the fiscal year ending March 2026, was 0.77x. In the fiscal year ending March 2026, the PBR fell below 1.0x to 0.43x, due in part to the decline in the fiscal year-end share price. The company recognizes that it has not received sufficient market evaluation. |
| Investment amount by sector | Field Capital Expenditures / Amount Not disclosed, Field R&D Investment / Amount Not disclosed, Field Strategic Investment in Growth Areas / Amount Not disclosed, Field M&A / Amount Not disclosed |
| Key initiatives | Improving profitability, Continue stable shareholder returns, Enhancing Investor Relations Activities, Transformation into a company that solves customer issues, Improvement of capital efficiency and profitability, Building an earnings structure resilient to market conditions, Strengthen human capital management |
| Reason for revision or withdrawal | Regarding the current PBR below 1.0x, the company recognizes as one contributing factor that, in addition to the potential to improve profitability and capital efficiency, its medium- to long-term growth strategy and future earnings expansion have not received sufficient market evaluation. |
| Date of board resolution | 6 November 2026 |
| Publication date | 6 November 2026 |
Items this document does not state (11)
Net income targetROIC targetTreasury share acquisition policyCost of capitalTotal investment planSegment targetNon-financial targetsPlan assumptionsResults under the previous planSize of the Target MarketRisks identified
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Because it recognizes as one contributing factor that, in addition to the potential to improve profitability and capital efficiency, the market has not sufficiently evaluated its medium- to long-term growth strategy or potential future earnings expansion.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.